News

India’s Adani Group is expanding its cement business in central India after launching construction of a new cement grinding unit in Guna, Madhya Pradesh, with a total capacity of 4Mta. The project will become the group’s largest investment in the state to date, with total spending exceeding USD 111m.

Iraq has commenced cement exports to Syria via the Al-Waleed border crossing, providing additional momentum to bilateral trade and reinforcing the country’s logistics infrastructure. According to government officials, the launch of export operations reflects improved efficiency in border administration and enhanced interagency coordination.

Chinese company Yaobai Cement, a subsidiary of WIH, has announced the launch of a new cement plant in Moroto, Northern Uganda. The project represents an investment of 300 million USD.

German company Heidelberg Materials has agreed to acquire an additional stake in Turkish building materials producer Akçansa from Sabanci Holding, increasing its ownership to 79.44 %. The deal effectively gives the international group a controlling stake and reinforces its position in Turkey and the broader Mediterranean region.

China’s West China Cement (WCC) has announced the acquisition of 100 % of the shares of South African company AfriSam, one of the key producers of construction materials in the region. The deal is part of WCC’s strategy to expand its presence in the African market.

A new player in the construction materials market, LATCEM, has completed a deal to simultaneously acquire control of two leading cement producers in the region – InterCement in Brazil and Loma Negra in Argentina. The transaction marks one of the largest consolidations in the Latin American cement industry in recent years.

South African cement company PPC continues to implement the new integrated Riebeek RK3 plant project in the Western Cape province. Construction is progressing in line with the schedule and approved budget.